TeleTrade forms part of a series of companies and is an immensely popular brand within the financial trading market. It boasts more than two decades of industry experience in a vast selection of finance-related fields. The company has offices in more than 35 different countries around the world along with more than 3,000 professionals spread across 200 different branches that are dedicated to taking care of each and every client on a 24/7 basis. TeleTrade Investments offers a gigantic database of instruments within the financial market, including futures, commodities, indices and stocks wrapped in CFD’s, Forex, and several other financial products.
The TeleTrade Group has one of the biggest presences within the financial trading industry. However, it’s Forex trading branch is predominantly situated in the Middle East and Europe. The company essentially offers more than 200 trading instruments and offers three different account types to accommodate all types of traders from across the globe. Traders will also be pleased to know that TeleTrade offers exceptional customer service, a wide range of reliable and trusted payment methods. It features extremely tight spreads and a phenomenal user-interface that is both easy to understand and easy to navigate.
Licensing and Regulation
TeleTrade (Europe) provides trading in contracts and forex for different CFD’s, such as futures, stocks, currencies, and commodities on both the MT4 and MT5 trading platforms. The organisation behind the company, DJ International Consulting Limited, is an investment firm situated in Cyprus and is licensed and regulated by Cyprus Securities and Exchange Commission since 2011. TeleTrade is also a registered company with several regulatory authorities within the UAE, United Kingdom, Italy, Spain, Germany, Romania, and Bulgaria. TeleTradeBel, which is a subsidiary of the company, has also managed to acquire a Belarus National Bank license in 2016.
The Cypriot financial watchdog applies specific requirements and rules to investment firms in Cyprus and oversees their compliance. For instance, they are required to maintain net tangible assets of a minimum of €730,000 to verify their financial stability. They are also required to keep client funds in segregated accounts which should be separate from the operating funds of the company. As an additional guarantee to clients, all companies that are CySEC-regulated need to be members of the Investor Compensation Fund. This plays an important role when it comes to protecting the investment of a trader of up to €20,000 should the brokerage firm have insolvency issues.
TeleTrade Investments not only provides its offerings and services to traders on Mac and Windows PC’s but also caters to traders on the move. This is thanks to dedicated mobile apps that can be downloaded directly from Apple’s App Store for iOS users and Google’s Play Store for Android users. The company offers two mobile apps for traders to utilise, including an MT4 mobile trading platform and an MT5 mobile trading platform. The mobile apps from TeleTrade will give traders access to view their full trading history, the ability to trade directly from the charts and the capability to utilise pending and market orders. They further allow for the option to trade on either the demo account or real accounts. The overall mobile trading experience is smooth, fast, reliable, and extremely easy to use, regardless of where you are situated in the world.
Brand & Functionality
To give you a clear indication of how TeleTrade is committed to providing exceptional services and products to traders across the globe, you simply need to take a look at their trophy cabinet. TeleTrade boasts with more than 30 prestigious awards, making it easy to understand why the brand is so immensely popular around the world and why clients praise the phenomenal functionality of the site.
In 2017, the company received the Best Forex Broker in Europe Award, while 2015 saw the company claim the Best Affiliate Program in Europe, the Best CFD Broker in Europe, and the Best Forex Customer Service Broker in Europe Award. The company also claimed eight awards in 2014, eight awards in 2013, eight awards in 2012, two awards in 2011, four awards in 2010, and three awards in 2009.
Registering a new account on the TeleTrade website is simplistic and less time-consuming than other online forex brokers. The site offers 19 different languages and several currencies to ensure traders from around the world will feel right at home. During the first step of the registration process, you simply need to select your preferred language at the top of the page. This is followed by your name, mobile number, email, and password you wish to use on your account. TeleTrade will send an SMS to your mobile device with your password and login information.
Once the registration is completed, you will be taken to a new page where you will need to complete your account registration. This includes all your personal information, financial background information, trading experience, and acknowledgements of several terms and conditions before your account registration is completed. Thereafter, you will also need to provide a copy of your utility bill to verify your address and a copy of your ID or Passport to verify your date of birth.
Once the account registration is completed, along with uploading the required documents, you will be able to visit the banking section to make your first deposit. TeleTrade provides high standards of reliability and security within the banking section. Traders will be able to deposit funds through several deposit methods, including Fasapay, Skrill, Neteller, Mastercard, Wire Transfer, and Visa. Simply select your preferred deposit method, enter the necessary details and your deposit amount. Once completed, the funds will reflect instantly in your account once your deposit is successful.
TeleTrade offers a wide range of innovative products to suit the needs of their clients. This includes educational material, such as videos for beginners, in-house training, and webinars, along with how investment works, market news, technical analysis, interest rates, and several trading tools, including analytics on the iOS app, analytics on the Android app, calculators, and push for mobile. It also offers a wide range of platforms for added convenience.
One of the most unique features at TeleTrade is undoubtedly the Synchronous Trading which is considered the company’s social trading feature. This is essentially a brand-new way to invest in financial markets which is achieved through a separate link. By utilising this new technology, traders will be able to monitor Master Traders, a group of industry experts, and view their trading statistics and results. All traders have the potential to become Master Traders when they register a Master Account and will be able to earn additional income for successful trades.
With so many prestigious awards over the years, it should come as no surprise that TeleTrade offers one of the most reliable and fastest execution orders when compared to other online forex companies. They boast with a trade execution rate of 0.2 seconds and ensures that all orders are processed as fast as possible to surpass the needs of their clients.
With over 24 years of industry experience, you will be pleased to know that TeleTrade strives for ultimate security and reliability when it comes to transacting on your account. The company impresses with a decent selection of payment methods, and all deposits reflect instantly on your account. Most of the deposit methods can also be used for a withdrawal, and most will reflect your funds within 1 to 2 business days after it’s been processed by TeleTrade. The site also uses the latest SSL encryption technology which ensures your financial and personal data is kept safe from any hackers.
TeleTrade comes with an extraordinary customer service centre where traders can expect fast, friendly, and professional service, regardless of the query or request you might have. Traders will be able to reach the support desk via telephone, email, or even through a live chat facility. The customer service centre operates around the clock and usually have a turn-around time of 24 hours when you contact them via email. Apart from the multiple contact channels, you will also be pleased to know that the site comes with a brilliant FAQ section. This is filled with a large volume of additional product material to assist you from start to finish.
TeleTrade provides both the MetaTrader 4 and the Meta Trader 5 trading platforms on both desktop and mobile devices. The Meta Trader 4 is regarded as an internationally acclaimed platform, providing a full range of resources and trading tools. It comes equipped with more than 50 different technical indicators along with an advanced charting package and a wide variety of Expert Advisors to help you every step of the way.
The Meta Trader 5 trading platform is both powerful and versatile that is quickly gaining popularity across the globe. The MT5 trading platform will allow execution orders in multiple stock exchanges and financial markets through a single account. It also features customisation indicators, signals, alerts, analysis tools, trading tools, and an advanced charting package.